What is this report about?
GCC Automobile Sector Report examines the prospects, issues and challenges for the automobile sector in GCC as well as each of its member countries over the next five years. The report provides an insight into the COVID-19 impact, factors responsible for the auto slump witnessed in the past few years in the GCC and the main growth drivers that influence the outlook for the future. Effect of developments like the gradual decline in gasoline price subsidy being implemented by the GCC governments, the impact of modern age developments like shared mobility option of ridesharing and ride-hailing offered by companies like Careem and Uber, the transformation of women’s rights by Saudi government by allowing women to drive automobiles and expected impact of climate control goals and technological progress that are leading to a shift in automobile demand towards electric vehicles are presented in detail. The report analyses the supplies being made to GCC by the different countries and gives market shares of major international brands.
Who will benefit and why?
The report is expected to benefit various stakeholders in the GCC automobile industry as they will be impacted by COVID-19 and changes in demand for automobiles gasoline-fueled as well as electrical versions. Automobile dealers will find it useful to know the sales volume they can plan to achieve in the future and the trends in demand from different countries of origin. The auto repair and maintenance players may find the report useful to plan the capacity and its utilization of their facilities. The spare parts suppliers may benefit in planning their stocking requirements for different brands of automobiles and taking into account the composition of imports from different countries of supply. Auto insurance providers and Auto finance companies can benefit in their framing of Business Plans for this segment. The car rental companies might find the customer preferences in the report useful in planning their fleet mix considering the trends in countries of origin and shares of international brands which reflect customer preferences. Moreover, any investor seeking valuable insights into GCC automobile market could benefit from the report.
How exhaustive is this report?
The report covers gasoline-fueled vehicles as well as Electric Vehicles (EVs) in the regional markets, explains the technological, economic, demographic, regulatory and social reasons behind the historical slump in the industry, quantifies the future positive push to automobile demand from the ban lifted on women driving in Saudi Arabia which is the largest GCC automobile market, and the negative effects of ride-sharing and ride-hailing as well as gasoline price hikes that are expected to continue into the future. It also covers the impact of COVID-19 on the sector. The historical quantity of automobile imports and re-exports from each of the major countries and the market shares of major international automobile brands in the GCC are presented. The total automobile demand for the GCC as well as for each of its member countries over the next five years are provided in the report. For electric vehicles, it explains what are the drivers in the evolution of the industry, current levels of product prices and energy efficiencies, country-wise information of the expected levels of EV penetrations in the GCC, comparative information of global EV demand growth in the past and that expected for the future, key features of the EVs from a performance and cost perspective, and GCC country-wise demand estimates for next 5 years.
Table of Contents
- Executive Summary
- Overview of GCC Automobile Market
- Growth Drivers for GCC Passenger Vehicle Market
- Technological Trends Impacting the Sector
- Ride Sharing Impact on GCC Automobile Market
- Expected Changes and Growth of Automobile Demand in GCC
- GCC - Country Wise Automobile Market Profiles
- Key Challenges Facing the Industry
- Appendix
List of Figures
Figure 2.1: Motorization Rate in GCC vs Other Regions (2015)
Figure 2.2: Value of GCC Net Imports of Passenger Vehicles (2001-2018)
Figure 2.3: GCC Auto Imports Slump (by Value and by Numbers)
Figure 2.4: Cyclicality of GCC Auto Imports & Oil Price Changes (2001-18)
Figure 2.5: Yearly Increase in GCC Total and Adult Population (2014-18)
Figure 2.6: UAE Re-exports Top 10 Destinations
Figure 2.7: Saudi Re-exports Top 10 destinations
Figure 2.8: Net PV Imports by Value (2014)
Figure 2.9: Net PV Imports by Value (2018)
Figure 2.10: Net PV Imports by Number (2014)
Figure 2.11: Net PV Imports by Number (2018)
Figure 3.1: Expected Growth in GCC Adult Population (2019-2028)
Figure 3.2: ICCT Passenger Car CO2 Emissions and Fuel Consumption, Normalized NEDC
Figure 4.1: US Market Share: Electrified Vehicles 2017
Figure 4.2: Global Powertrain Market Share 2015-2030
Figure 6.1: Male Population/Automobile Demand/Vehicle Ownership from 2006 to 2028
Figure 6.2: GCC Population Trends of EVs/ Hybrid EVs and Battery EVs during 2018-2023
Figure 7.1: Passenger Vehicle Population of Saudi Arabia (2005-2018)
Figure 7.2: Population of Total EVs /Hybrid EVs/BEVs for the period 2018-2023 - Saudi Arabia
Figure 7.3: UAE Automobile Population and PV per ‘000 inhabitants
Figure 7.4: Population of Total EVs /Hybrid EVs/BEVs for the period 2018-2023 - UAE
Figure 7.5: Kuwait Automobile Population and PV per ‘000 inhabitants
Figure 7.6: Population of Total EVs /Hybrid EVs/BEVs for the period 2018-2023 - Kuwait
Figure 7.7: Qatar Automobile Population and PV per ‘000 inhabitants (2005-2015)
Figure 7.8: Population of Total EVs /Hybrid EVs/BEVs for the period 2018-2023 - Qatar
Figure 7.9: Oman Automobile Population and PV per ‘000 inhabitants
Figure 7.10: Population of Total EVs /Hybrid EVs/BEVs for the period 2018-2023 - Oman
Figure 7.11: Bahrain Automobile Population and PV per ‘000 inhabitants
Figure 7.12: Population of Total EVs /Hybrid EVs/BEVs for the period 2018-2023 - Bahrain
List of Tables
Table 2.1: Number of Vehicles in Use (‘000s) in GCC Countries (2010-2015)
Table 2.2: GCC Annual Passenger Vehicle Imports and Import Price
Table 2.3: Passenger Vehicle Imports by GCC Member Countries (2014-2018)
Table 2.4: Net Number of Vehicles (in Mn) Imported by GCC Members (2014-2018)
Table 2.5: GCC’s Gross Imports of Passenger Vehicles by Exporting Country
Table 2.6: Country-wise Share of GCC’s Gross Passenger Vehicle Imports (Value) 2014-2018
Table 2.7: Market Shares of Top Brands in the GCC Countries (2018)
Table 3.1: Yearly Increase in Adult Population of GCC
Table 4.1: Sample of Operating Features of Electric Vehicles
Table 5.1: Impact of Ride Hailing on Automobile Demand in GCC
Table 6.1: Potential Passenger Vehicle purchases by Saudi Female Population
Table 6.2: Estimates of Automobile Demand in the GCC for 2019-2023
Table 6.3: GCC’s Estimated Demand and Population of Hybrid and Battery EVs 2019-2023
Table 7.1: Saudi Net Imports of Automobiles and Changes in Price per Vehicle (2014-18)
Table 7.2: Countries Exporting Automobiles to Saudi Arabia (million USD)
Table 7.3: Imports by Countries Exporting Automobiles to Saudi Arabia (million USD)
Table 7.4: Adult Population and their Growth Rates in Saudi Arabia (2019-23)
Table 7.5: Impact of Ride Hailing on Automobile Demand in Saudi Arabia
Table 7.6: Estimate of Automobile Demand for Saudi Arabia (2019-2023)
Table 7.7: Saudi’s Estimated Demand & Population of Hybrid and Battery EVs 2019-2023
Table 7.8: UAE Imports of Automobiles and Changes in Price per Vehicle (2014-18)
Table 7.9: Countries Exporting Automobiles to UAE (million USD)
Table 7.10: Proportion of imports by Countries Exporting Automobiles to UAE
Table 7.11: Change in Adult Population Growth Rates in UAE (2019-2023)
Table 7.12: Impact of Ride Hailing on Automobile Demand in UAE
Table 7.13: Estimate of Automobile Demand for UAE (2019-2023)
Table 7.14: UAE’s Estimated Demand & Population of Hybrid and Battery EVs 2019-2023
Table 7.15: Kuwait’s Imports of Automobiles and Changes in Price per Vehicle (2014-18)
Table 7.16: Countries Exporting Automobiles to UAE (million USD)
Table 7.17: Proportion of imports by Countries Exporting Automobiles to UAE
Table 7.18: Adult Population and their Growth Rates in Kuwait (2019-23)
Table 7.19: Impact of Ride Hailing on Automobile Demand in Kuwait
Table 7.20: Estimate of Automobile Demand for Kuwait (2019-2023)
Table 7.21: Kuwait’s Estimated Demand & Population of Hybrid and Battery EVs 2019-2023
Table 7.22: Qatar’s Imports of Automobiles and Changes in Price per Vehicle (2014-18)
Table 7.23: Countries Exporting Automobiles to Qatar (million USD)
Table 7.24: Proportion of imports by Countries Exporting Automobiles to Qatar
Table 7.25: Adult Population and their Growth Rates in Qatar (2019-23)
Table 7.26: Impact of Ride Hailing on Automobile Demand in Qatar
Table 7.27: Estimate of Automobile Demand for Qatar (2019-2023)
Table 7.28: Qatar’s Estimated Demand & Population of Hybrid and Battery EVs 2019-2023
Table 7.29: Oman’s Imports of Automobiles and Changes in Price per Vehicle (2014-18)
Table 7.30: Countries Exporting Automobiles to Oman (million USD)
Table 7.31: Proportion of imports by Countries Exporting Automobiles to Oman
Table 7.32: Adult Population and their Growth Rates in Oman (2019-23)
Table 7.33: Impact of Ride Hailing on Automobile Demand in Oman
Table 7.34: Estimate of Automobile Demand for Oman (2019-2023)
Table 7.35: Oman’s Estimated Demand & Population of Hybrid and Battery EVs 2019-2023
Table 7.36: Bahrain’s Imports of Automobiles and Changes in Price per Vehicle (2014-18)
Table 7.37: Countries Exporting Automobiles to Oman (million USD)
Table 7.38: Proportion of imports by Countries Exporting Automobiles to Bahrain
Table 7.39: Adult Population and their Growth Rates in Bahrain (2019-23)
Table 7.40: Impact of Ride Hailing on Automobile Demand in Bahrain
Table 7.41: Estimate of Automobile Demand for Bahrain (2019-2023)
Table 7.42: Bahrain’s Estimated Demand & Population of Hybrid and Battery EVs 2019-2023
Table 9.1: Automobile Demand by Country for GCC (High Case)
Table 9.2: Automobile Demand with Effect of Threats & Opportunities (High Case)
Table 9.3: Automobile Demand by Country for GCC (Low Case)
Table 9.4: Automobile Demand with the effect of Threats & Opportunities (Low Case)
Samples
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Companies Mentioned
- BMW
- Bayt.com
- Careem
- Chevrolet
- Didi
- Easytaxi
- Ford
- GM
- Honda
- Hyundai
- Kia Motors
- Mazda
- Mitsubishi
- Nissan
- Saudi Telecom Co
- TNS
- Tesla
- Toyota
- Uber
- Yella Motor
- eKar
